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Tag Archives: TOPNWS

India’s Bajaj Finance beats Q1 profit view on robust loan demand

BENGALURU, July 26 (Reuters) – Indian non-bank lender Bajaj Finance (BJFN.NS) reported a bigger-than-expected increase in quarterly profit on Wednesday, boosted by healthy loan growth and strong customer additions. The company’s consolidated profit after tax rose a little over 32% to 34.37 billion rupees ($419 million) in the first quarter, …

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India’s Shree Cement beats Q1 profit view on strong domestic demand

BENGALURU, July 26 (Reuters) – Indian cement company Shree Cement Ltd (SHCM.NS) reported a bigger-than-expected 84% rise in first-quarter profit on Wednesday, helped by robust domestic demand. The company reported a profit of 5.81 billion Indian rupees ($70.87 million) for the three months ended June 30, beating analysts’ average estimate …

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India’s L&T hits record high on Q1 profit beat, share buyback

BENGALURU, July 26 (Reuters) – Shares of India’s Larsen & Toubro (L&T) shares (LART.NS) jumped 4.3% to a record high on Wednesday, a day after the engineering company posted strong quarterly results, helped by a robust order book, announced a share buyback and a special dividend. L&T’s results are often …

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India’s Tata Steel CEO says prices to ease in Q2

NEW DELHI, July 25 (Reuters) – India’s Tata Steel Ltd (TISC.NS) expects lower steel prices in the July-September quarter in India and Europe, aided by a fall in the prices of coking coal, a key raw material, its chief executive and managing director said on Tuesday. “In India, the Q2 …

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IMF: India’s rice restrictions could fuel food price inflation

WASHINGTON, July 25 (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas told a news conference that India’s restriction would have a similar effect of the …

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India suspends another drugmaker’s license over tainted cough syrup

[1/2]The World Health Organization (WHO) logo is seen near its headquarters in Geneva, Switzerland, February 2, 2023. REUTERS/Denis Balibouse/File Photo NEW DELHI, July 25 (Reuters) – India has suspended a drugmaker’s manufacturing license after the World Health Organization flagged contamination in its cough syrups found in the Marshall Islands and …

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India’s Tata Motors posts Q1 profit

[1/2]Visitors look at a Tata Motors’ sub-compact sport utility vehicle (SUV) Tata Nexon, after its launch in Mumbai, India September 21, 2017. REUTERS/Shailesh Andrade/File Photo BENGALURU, July 25 (Reuters) – Tata Motors (TAMO.NS), India’s largest automaker by revenue, reported a third consecutive quarterly profit on Tuesday, helped by price hikes …

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